ZRO Jumps 10% Past Binance Deposit Pressure

LayerZero has shaken off selling pressure, posting a strong price gain of over 10 percent in the last 24 hours. The recent rally pushes the token up more than 25 percent from its lows in July, showing solid bullish momentum as traders step back into the market.

Market watchers noticed a large transfer ahead of the price jump. A wallet connected to the project Mint MultiSig moved a significant amount of ZRO tokens worth over one million dollars directly to Binance. Usually, large exchange deposits signal that a holder plans to sell, which tends to push prices down.

Despite this potential sell signal, buyers absorbed the incoming tokens and kept the upward trend alive. Traders are now watching the charts closely to see if ZRO can hold these gains or if the exchange deposits will eventually slow down the current rally.